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Commercial real estate is distinctly different from residential real estate. The terminology is very different and here is a list of new terms from O to Z.

Hotel Booking Commercial Terms

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Travel Agency Operating Expenses: Just as it sounds, operating expenses are those costs associated with operating a commercial property. Contract and state law typically govern the exact nature of the operating expenses.

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Cheap Hotel Partition Wall: A wall built in the internal area of a suite to divide the general space. For instance, offices built during a tenant improvement project with have partition walls separating them.

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Flight Booking Punch List: A punch list runs part and parcel with a walk through of completed construction work. The construction company and client will walk through the area and complete a punch list of items that need to be fixed or modified. .

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Travel Agent Shell Space: The interior of a commercial building that has been completed, but does not yet have any tenant build outs. The shell space generally refers to this gross square footage regardless of whether tenant improvements have occurred or not.

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Hotel Chicago Substantial Completion: Notice given by a contractor to the client indicating the property has been completed to the point where a walk through and punch list review are appropriate.

Online Booking Usable Square Feet: The square feet in a building, suite, warehouse and so on that can actually be used by tenants. Due to building regulations and design issues, certain amounts of a space in a tenant suite may not be usable and such footage is excluded from this calculation

Travel Health Insurance Unlike residential real estate, commercial real estate is primarily considered a business transaction. Learn the terms and you're well on your way to moving smoothly through the process.

Hotel Reservation Dan Lewis is a San Diego mortgage broker with Great Western Mortgage - San Diego mortgage brokers writing San Diego home loans. Dan also writes San Diego home equity loans, refinance and San Diego mortgages.

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